Rice Warner

Rice Warner

Rice Warner was a financial services consulting and research firm with offices in London, Sydney, Shanghai, and Boston until its transfer to Deloitte in May 2021. The firm operated as an actuarial and technology boutique, not a family office or asset manager. Its known principals included partners Andrew Boal, Steve Freeborn, and Jenni Baxter, who led the team into Deloitte's superannuation and wealth management advisory practice. The firm provided actuarial consulting, benchmarking, market research, and fintech solutions — including financial advice engines, online calculators, and benefit projection tools — for superannuation funds, life insurers, and wealth managers. Its client work spanned merger assistance, defined benefit modelling, product design, compliance, and independent pricing review across Australia and the UK, with additional reach in Asia and North America through its Shanghai and Boston offices. Team size and AUM were not publicly disclosed. The firm's most recent operational event was the May 2021 transfer of its consulting staff and technology assets to Deloitte, where the partners continued as Deloitte partners. The move integrated Rice Warner's superannuation, life insurance, public policy, and fintech capabilities into Deloitte's existing advisory services. Rice Warner's structural differentiator was its deliberate acquisition by a Big Four firm rather than a typical private equity exit or organic growth path. The firm chose to join Deloitte, placing its actuarial and fintech practice within a larger professional services network. This structure allowed the founding team to continue serving clients under the Deloitte brand with expanded resources and cross-border reach.